The Fed’s Endgame, Alaska Air Turbulence, and Alphabet’s Bull Case 7/25/23
The Exchange
00:00
The Airbnb Effect and the US Economy
Luxury stocks have been under pressure since Reeschmont cited. It slowed down in the US last week and you can expect more pressure on these stocks tomorrow morning when they opened. LVMH reporting 17% sales growth in the quarter, but warning signs flashing here in the US with sales in America falling 1%. CFO Jean-Jacques Guineix saying the aspirational consumer in the US is, quote, not shopping the way they used to.
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